Independent practices in Manhattan pay some of the highest office rents around while waiting weeks on insurers. Working capital keeps the practice steady through that wait.
Apply Now →Manhattan has major hospitals and academic medical centers tied to institutions like Columbia University and New York University, and around them sits a dense network of independent practices: specialists, dentists, physical therapists, dermatologists, mental-health providers, optometrists and med-spas. Those independents run like any other small business, with rent, payroll and vendor bills, except that a large share of their revenue arrives late, through insurance.
When a practice grows, the receivables grow with it. A new provider or a new location means more claims outstanding at any given time, and the cash to cover that has to exist before the reimbursements do.
| Need | Why it strains cash |
|---|---|
| Hiring a new provider | Salary starts weeks before their billings are paid |
| Imaging or treatment equipment | Large one-time invoice; see equipment financing |
| Office buildout or move | Construction and deposits before patients are seen |
| Billing system change | Temporary slowdown in collections during the switch |
| Rent and Commercial Rent Tax | Fixed monthly cost regardless of claim timing |
Practices leasing larger spaces south of 96th Street may owe the Commercial Rent Tax; our explainer covers who it applies to.
A Manhattan dermatology practice hires an additional physician assistant. Salary and benefits run about $15,000 a month, and it takes roughly two months before that provider's claims start paying regularly. Funding of $40,000 covers the ramp with room for supplies. These numbers are for illustration only and are not our terms or typical results.
Before borrowing, it is worth separating two problems that look alike in a bank balance. A timing problem means the practice is earning enough, but money arrives later than bills are due: claims aging past 30 or 45 days, a payer that changed its processing, a new provider still ramping. A profitability problem means costs exceed collections even once everything is paid. Funding is built for the first. If the second is what is happening, the fix is in scheduling, payer mix or overhead, and borrowing only postpones it.
A simple check: total your outstanding claims and compare them with your next month of fixed costs. If the claims would cover the costs once paid, the issue is timing.
Funding ranges from $25,000 to $5,000,000. The application takes about 5 minutes with a soft credit pull. Instead of tax returns, we review about three months of business bank statements, where insurance and patient payments appear as deposits. FICO 500+ is considered, solo practitioners operating as sole proprietors can apply, and approved files can be funded in as little as 24 hours. For a recurring gap rather than a single cost, look at a Manhattan business line of credit or general working capital.
No. The review relies on the application and about three months of business bank statements.
Yes. Sole proprietors can apply.
Funding can be used for business needs like a buildout, deposits and moving costs. Tell us the plan in your application.
The application uses a soft credit pull.
From $25,000 to $5,000,000.
Three months of business bank statements and a 5-minute application. FICO 500+ considered. $25,000 to $5,000,000, funded in as little as 24 hours.
Apply Now →It takes about two minutes and it will not affect your credit score.
No obligation • No impact to your credit score
